4 Men's Wearhouse purchased black leather belts for $15.99 each and priced them to sell for $29.99 each. What was the markup on the belts? 5 Answer the following: (a) The Limited is planning a new line of leather Jean jackets for fall. It plans to retall the jackets for $100. It is having the Jackets produced in the Dominican Republic. Although The Limited does not own the factory, its product development and design costs are $400,000. The total cost of the jacket, including transportation to the stores, is $45. For this line to be successful, The Limited needs to make $900,000 profit. What is its break-even point in units and dollars? (b) The buyer has just found out that The GAP, one of The Limited's major competitors, Is bringing out a similar Jacket that will retail for $90. If The Limited wishes to match The GAP's price, how many units will it have to sell